Bitcoin price today: Price increase
As of 5:45 PM today (January 22), Bitcoin - the world's largest electronic currency - according to market value "turned around" slightly up 0.88%, reaching 89,955.57 USD.
This new price contributed to bringing market capitalization up again, trading at the milestone of 1,797 billion USD, an increase of 15 billion USD. Trading volume in 24 hours fell to 51.23 billion USD, a decrease of 30 billion USD.
Perspectives and forecasts
Bitcoin rose in today's trading session as global risk acceptance improved, after US President Donald Trump withdrew his plan to impose new tariffs on European allies amid promoting negotiations related to Greenland.
The largest cryptocurrency by market capitalization increased by about 1% in the past 24 hours, fluctuating around the 90,000 USD mark, mixed with the Asian and European stock markets. According to CoinGecko, the total market capitalization of cryptocurrencies increased by 2.7% to 3,180 billion USD.
At the World Economic Forum (WEF), the US President sent a signal to adjust his diplomatic stance when he said that the US would not pursue military action to seize Greenland and had reached a "framework for a future agreement" with NATO allies related to this territory.
These statements caused the cryptocurrency market to fluctuate strongly. Bitcoin at one point fell to the bottom of the day around 87,300 USD before rebounding to nearly 90,000 USD, as investors re-evaluated the risks of US trade policy and macroeconomic context. According to CoinGlass, more than 625 million USD of leverage positions were liquidated within 24 hours, distributed almost equally between buying and selling orders of about 150,000 traders.
Experts believe that this development shows that digital assets are reacting more and more directly to geopolitical and macroeconomic news.
Ms. Rachel Lin - CEO of SynFutures - said that strong price fluctuations reflect the fact that the cryptocurrency market is closely following geopolitical and policy developments. According to her, signals of cooling down tensions related to Greenland and the temporary suspension of tax imposition on the EU have "short-termly improved global risk psychology, pulling Bitcoin to recover quickly with US stocks".
In the long term, the participation of organizations is supporting Bitcoin to become a mature and globally influential asset, although volatility is still high.
In Vietnam, the cryptocurrency asset market has been piloted from September 9, 2025, the pilot implementation period is 5 years.
However, organizations and individuals participating in the cryptocurrency asset market must comply with relevant legal regulations on preventing and combating money laundering, terrorist financing, financing the dissemination of weapons of mass destruction, electronic transactions, network information security, network security, data protection to ensure security and safety in the cryptocurrency asset market and other relevant specialized laws.
